The Debt Deal

This is truly a onesided deal. Look at what  the Debt Deal Does and does not do.

• Removes economic uncertainty surrounding the debt limit at a critical time and prevents either party from using a failure to meet our obligations for political gain.
• Makes a significant down payment to reduce the deficit — finding savings in defense and domestic spending while protecting critical investments in education and job creation. Where will future payments come from is the question?
• Creates a bipartisan commission to find a balanced approach to continue this progress on deficit reduction. Bipartisanship dissolved the day after this deal. All of us know that now.
• Establishes an incentive for both sides to compromise on historic deficit reduction while protecting Social Security, Medicare beneficiaries, and programs that help low-income families. To date it stays intact, but who’s to say that’s written in stone. It seems that we are in class warfare between the haves and the have nots.
• Follows through on President Obama’s commitment to shared sacrifice by making sure that the middle class, seniors, and those who are most vulnerable do not shoulder the burden of reducing the deficit. As the process moves forward, the President will continue to insist that the wealthiest Americans share the burden.This has a very slim chance of becoming a reality.
• It gave the Tea Part and Some of the Republicans everything they wanted.
• But most importantly, it caused the S& P to down grade America’s Credit  Rating. 
• This deal should wake up all Americans who are still sleeping. Even little susie ought to wake up!
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